Lear answers questions for investors on Chapter 11 bankruptcy

By IBT Staff Reporter On 07/07/09 AT 5:07 PM

Auto parts maker Lear Corp., which filed for Chapter 11 bankruptcy today, issued responses to what it says are some frequently asked questions by investors.

The questions and answers offered in a Frequently Asked Question sheet concern the timing of the bankruptcy, whether the company will continue to operate, answers about the company’s stock value, quarterly reporting going forward, advice for current of future stockholders, Lear bonds, decision making for investors, shareholders’ rights in court and the company’s reorganization plans.

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